New NACUSO Leader Needs to Uphold CU, CUSO Synergy

In its official job posting that went live last week, NACUSO said its next president/CEO will need to understand the importance of credit union and CUSO alliances.

Tom Davis, president/CEO of NACUSO, recently announced he would be leaving the organization Dec. 31 to become the CEO of CUSO Development Co. LLC, the credit union-owned, national holding company that provides mortgage loan origination, business services and other solutions through subsidiaries. Davis has been at NACUSO's helm for nearly four years and served on its board for 20 years.

Mark Zooks who serves on NACUSO's board, is head of the association's search committee. The position announcement was posted on Monster.com Aug. 5, said Zooks, president/CEO of MaPS Credit Union. NACUSO is hoping to have its new leader in place Jan. 1, 2011.

NACUSO is seeking someone who will successfully develop and execute the annual budget based on the board's established objectives and manage the organization's financial operations including identifying funding sources, raising capital, and current and future risk positions, according to the association's job posting.

"Our highly competitive marketplace and the industry's changing regulatory environment require our businesses to work faster and smarter. Therefore, the synergy between credit unions and CUSOs has never been more important. The treasury of knowledge offered by NACUSO and shared among its membership is more relevant than it has ever been in NACUSO's twenty-two year history," NACUSO said.